Black Money | The Asian Age

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The police's crime branch received information about four youths and a team immediately intercepted their car at the Himgiri Chowk at Sector 10. (Photo: AFP/Representational)

Gurgaon police seize Rs 49 l in old currency notes of Rs 500, 1000

The accused were trying to change the old currency notes with new ones on March 1, the police said.

04 Mar 2018 1:42 PM

The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities. (Photo: AFP/Representational)

Demonetised notes still being ‘processed for accuracy, genuineness’: RBI

As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose.

11 Feb 2018 1:09 PM

The government probably fears that if there are no checks and balances, black money will flow into start-ups massively.

Angel tax becoming a bane for start-ups across the country

The controversial angel tax, which was introduced in 2012, is a huge setback for start-ups looking for early-stage investments.

03 Feb 2018 3:03 AM

The CBDT chief said a number of steps were taken since the last budget to reduce the cash share in the economy, so that the generation of black money was curbed. (Representational Image)

I-T department has technology to track suspicious transitions, black money: CBDT chief

With the help of technology, the I-T department was tracking the tax evaders and consolidating its measures in this regard.

02 Feb 2018 10:16 AM

Union Home Minister Rajnath Singh (Photo: PTI)

Need to root out corruption to reach targeted level of growth: Rajnath

Change in public mindset, he said, can be brought through education and people from whom others can draw inspirations.

28 Jan 2018 12:50 AM

Preliminary probe indicated that the cash was hidden with an intention of converting it into legal currency, the SP said, but the police discounted any possibility of a terror angle. (Representational Image)

Kanpur: Over Rs 97 Cr in demonetised currency seized, police arrest 16

The huge amount of demonetised currency was stored in guny bags in a builder's ancestral house near Gole Chauraha in Swaroop Nagar.

17 Jan 2018 5:32 PM

CBDT Chairman Sushil Chandra and Ambassador of Switzerland to India Dr Andreas Baum signs the mutual agreement at North Block, New Delhi, on Thursday. (Photo: Twitter/Income Tax India)

Black money: India inks deal with Switzerland for tax data sharing from Jan 1

The agreement was signed by CBDT chairman Sushil Chandra and Swiss Ambassador to India Andreas Baum at the North Block in Delhi.

22 Dec 2017 9:53 AM

Prime Minister Narendra Modi speaks during the Hindustan Times Leadership Summit in New Delhi. (Photo: PTI)

I’m ready to pay big political price for a better India: Modi

No one can stop my govt taking ‘irreversible’ decisions, says PM.

01 Dec 2017 1:11 AM

The I-T Department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post note ban but failed to file returns by the due date. (Photo: PTI/Representational)

I-T notices to 1.16 lakh for cash deposits of Rs 25 lakh post note ban

I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September this year.

28 Nov 2017 1:48 PM

Prime Minister Narendra Modi asked the people of Jasdan to not let the Congress destroy the composite culture of Gujarat. (Photo: Twitter/ANI)

I did sell tea but not the nation: Modi tears into Congress in Gujarat

The Prime Minister, who began his speech in Kutch in Kuttchi language, said Gujaratis will not forgive those attacking its child.

28 Nov 2017 5:09 AM

The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited "suspicious" amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)

Black money: Taxmen to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:53 PM

Switzerland has approved an automatic information exchange pact with India on black money. (File Photo)

Swiss parliamentary panel nods auto info exchange with India on black money

The proposal will now be submitted for approval from the Council of States, in the winter session.

19 Nov 2017 4:23 PM

The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation and have not responded to taxman's preliminary communication. (Photo: PTI)

CBDT to issue notices to 'suspicious' cash depositors

The people who have filed their returns will be examined against the amounts they have deposited during the period of note ban.

14 Nov 2017 9:10 PM

The Income Tax Department is matching the "tax profiles" of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act. (Representational Image)

Benami assets: I-T department scanning profiles of property registered

The top boss of the I-T department said that till now, the taxman has attached 621 properties.

14 Nov 2017 8:54 PM

Goa Chief Minister Manohar Parrikar (Photo: PTI)

Rs 100 crore black cash seized from Goa’s casinos, says Manohar Parrikar

IT raided 36 places and found that Rs 100 cr black money transactions linked with casinos were made.

09 Nov 2017 1:05 AM

According a study by Local Circles, citizens believe demonetisation led to an audit trail which can be effectively used in the future to investigate accounts being used for black money transactions. (Photo: AFP/Representational)

Demonetisation effective to scrutinise accounts used for black money transactions

Further, according to a Local Circles study, 33 per cent were in favor of transactions over Rs 10,000 to be electronic.

08 Nov 2017 2:55 PM

West Bengal Chief Minister Mamata Banerjee (Photo: ANI)

Note-ban is huge scam, says West Bengal CM Mamata

Neither it brought back black money stashed abroad nor it could combat terrorism or help the country develop, Ms Banerjee claimed.

08 Nov 2017 2:08 AM

On November 8, 2016, India launched the most successful demonetisation programme ever in the world. (Representational image)

Demonetisation makes India great

The 21st Century is clearly an era of producing wealth through disruptive approach.

08 Nov 2017 2:04 AM

Prime Minister Narendra Modi (Photo: AP)

Blame the perils of centralised decision-making

Mr Modi, however, chose highly centralised plan, which in the process led to procedural mistakes that have wreaked havoc in India.

08 Nov 2017 1:57 AM

A year after Narendra Modi launched the shock therapy to the Indian economy, we take stock of the Nov. 8 note ban, India’s second attempt to scrap black money through demonetisation.

Note ban failed to achieve its purpose

According to the Economic Survey, it is estimated that an additional Rs 10,587 crore tax will be collected because of demonetisation.

08 Nov 2017 1:42 AM

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Anita Katyal